The Sri Lankan government has granted corporate tax exemptions for up to 35 years to four companies in Port City.
Sri Lanka’s President Anura Kumara Disanayake, in his capacity as Minister of Finance, granted corporate tax exemptions for up to 35 years to four companies operating in Port City Colombo, through a Gazette Notice dated July 14, 2025 (Nos. 2445/2-2445/5). The companies are Ceylon Real Estate Holdings, Clothespin Management and Development, IFC Colombo, and ICC Port City.
Specifically, all income, profits, and dividends are fully exempt for the first 25 years, followed by a 50% reduction in the corporate tax rate for the next 10 years. Furthermore, customs duties, VAT, consumption tax, and foreign exchange laws are also exempt, which is a source of Port City’s overwhelming investment competitiveness.
Port City Colombo is attracting attention from global investors as the “third financial hub” following Singapore and Dubai. Our organization provides support for establishing investment funds and FX companies in Port City. Please feel free to contact us for details.
Source: Sri Lankan Government Gazette Notice (July 2025)
- The government has revised its "Strategy for Expanding Exports of Agricultural, Forestry, and Fishery Products and Foodstuffs," accelerating efforts to achieve the 2030 target of 5...
- Tax incentives for Port City Colombo have been revised. New regulations (No. 1 of 2025) will take effect in September 2025.